The Healthcare Foundation of New Jersey
The Healthcare Foundation of New Jersey (HFNJ) is an independent, endowed private foundation established in 1996 following the sale of Newark Beth Israel Medical Center to the Saint Barnabas Corporation. Originally known as The Beth Israel Foundation, HFNJ is a 501(c)(3) organization based in Millburn, New Jersey. The foundation is dedicated to carrying out the Jewish imperatives of tzedaka (righteousness/charity) and tikkun olam (repairing the world) through its grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$207.7M
+4.4% YoY
Annual Giving
$7.8M
-8.3% YoY
Grant Count
118
-2.5% YoY
Avg Grant Size
$66K
-6.0% YoY
Mission & Focus Areas
HFNJ's mission is to improve the health and well-being of vulnerable, underserved populations in greater Newark and the Jewish Community of MetroWest New Jersey, elevate the quality of community healthcare, reduce disparities in access, and promote the infusion of compassion and humanism into the healthcare system.
The foundation's primary focus areas include:
- Hospitals
- Medical Care
- Behavioral Health
- Workforce Training
- Public Health
The foundation supports programs addressing health disparities, mental health, clinical care, and clinical equipment needs. Recent strategic priorities have emphasized youth mental health, with over $2 million awarded to behavioral health programs in 2023 alone.
Grantmaking
HFNJ offers multiple grant programs:
Grant Range
$300 to $1,000,000, with a median grant of $34,388.
Grant Types
How to Apply
Decision time: Quarterly cycles (approximately 3 months). Grant inquiries can be directed to Kevin McManemin, Grants and Community Outreach Manager.
Ready to take the next step with The Healthcare Foundation of New Jersey?
Geographic Focus
Where this funder awards grants
The foundation's geographic focus includes:
- Greater Newark, New Jersey
- MetroWest Jewish community of northern New Jersey (Essex, Morris, Somerset, Union, and parts of Sussex counties)
- Primary funding in New Jersey, with secondary activity in New York, Pennsylvania, and California
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets (as of December 2023):
- $198,968,478 (ledger value)
- $207,749,318 (alternative reporting)
Annual Activity (2023):
- Total revenues: $8,963,279
- Total expenses: $9,369,888
- Annual giving: $9.4 million (2024)
Organization Structure:
- 6 employees
- Classified as an Independent Foundation
- EIN: 22-3451664
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $207,749,318 | $198,968,478 | $187,755,560 |
| Revenue | $7,769,998 | $8,963,279 | $6,256,821 |
| Expenses | $11,533,714 | $9,369,888 | $10,244,233 |
| Qualifying Distributions | $9,351,987 | $9,971,470 | $9,927,786 |
| Net Investment Income | $9,923,774 | $7,990,072 | $8,534,282 |
| Distributable Amount | $10,021,098 | $9,222,674 | $9,701,955 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
4 open opportunities from The Healthcare Foundation of New Jersey
The Healthcare Foundation of NJ Grant: Renewal Grants
THE HEALTHCARE FOUNDATION OF NEW JERSEY
Amount
Varies
Deadline
Rolling / Open
The Healthcare Foundation of NJ Grant: Special One-time Grants
THE HEALTHCARE FOUNDATION OF NEW JERSEY
Amount
Up to US $35,000
Deadline
Rolling / Open
The Healthcare Foundation of NJ Grant: Standard Grants
THE HEALTHCARE FOUNDATION OF NEW JERSEY
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Michael Schmidt: Executive Director/CEO
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMY BSCHECHNER | CHAIR/TRUSTEE | 10 | — |
| JAY BLUMENFELD | VICE CHAIR/TRUSTEE | 5 | — |
| MICHAEL D FRANCIS | TRUSTEE | 5 | — |
| AMY REISEN FREUNDLICH | VICE CHAIR/TRUSTEE | 5 | — |
| DONALD B ROSENTHAL RESIGNED 1224 | VICE CHAIR/TRUSTEE | 5 | — |
| HOWARD MENAKER | VICE CHAIR/TRUSTEE | 5 | — |
| MARION MEDOW | VICE CHAIR/TRUSTEE | 5 | — |
| SHARON FALKIN | VICE CHAIR/TRUSTEE | 5 | — |
| BETH LEVITHAN | HONORARY CHAIR/TRUSTEE | 5 | — |
| MARVIN WERTHEIMER | TREASURER/TRUSTEE | 5 | — |
| MONICA KADEN | VICE CHAIR/ASSISTANT TREASURER | 5 | — |
| NATALIE PECK | SECRETARY/TRUSTEE | 5 | — |
| CAROL P MARCUS | ASSISTANT SECRETARY/TRUSTEE | 5 | — |
| CANDY BLAU | TRUSTEE | 5 | — |
| PENINA BARR | TRUSTEE | 5 | — |
| JEFF BRAEMER | TRUSTEE | 5 | — |
| JEFF LANDAU NEW 524 | TRUSTEE | 5 | — |
| LINDA STERLING NEW 524 | TRUSTEE | 5 | — |
| ROSS SILVER NEW 524 | TRUSTEE | 5 | — |
| PAM FISHMAN | TRUSTEE | 5 | — |
| GARY O AIDEKMAN | TRUSTEE | 5 | — |
| STEVEN R KAMEN | TRUSTEE | 5 | — |
| ELIZABETH COHEN | TRUSTEE | 5 | — |
| SUE WASSERMAN | TRUSTEE | 5 | — |
| JEAN MANDELL | TRUSTEE | 5 | — |
| DAVID GUTSTEIN MD | TRUSTEE | 5 | — |
| MICHAEL GOLDBERG | TRUSTEE EX-OFFICIO | 5 | — |
| MICHAEL SCHMIDT | EXECUTIVE DIRECTOR/CEO | 40 | $358,450 |
| STEFANO MUSOLINO JR CPA | CFO | 40 | $212,000 |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated active grantmaking focused on addressing healthcare disparities and youth mental health. Recent initiatives include:
Healthcare Foundation of New Jersey Awards $2.19 Million in Grants**Jewish Adolescent Behavioral Health Initiative**: A targeted initiative to strengthen mental health support systems for Jewish adolescents in the NJ Greater MetroWest community, recognizing growing mental health challenges among adolescents.
Healthcare Foundation of New Jersey Awards $2.19 Million in Grants**Essex County Community Doula Initiative**: Support for Visiting Nurse Association of Central NJ to create a doula care program promoting healthy pregnancies, safe births, and positive experiences for mothers and families.
**Core Operating Grants**: The foundation announced $1.5 million in core operating grants to bolster Newark area nonprofits.
Healthcare Foundation of New Jersey Awards $2.19 Million in GrantsThe foundation distributes grants through quarterly decision cycles and maintains active engagement with the nonprofit community through newsletters and community outreach.
Healthcare Foundation of New Jersey Awards $2.19 Million in GrantsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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